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Friday, 10 June 11
DRY BULK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 This week has offered dry bulk ship owners no real reason to smile, as the industry’s benchmarket, the Baltic Dry Index (BDI) has been steadily falling, trimming the gains achieved during the past couple of weeks. Yesterday, the BDI was down by 0.42% to 1,428 with Capesizes once again on the downside. The Baltic Capesize Index (BCI) fell by 1.89% to 1,767. By contrast, the only positive tone in the market at the moment is the Panamax segment, which recorded gains of 2.42% yesterday to 1,903 points. Brokers indicated that ship supply is still weighing down in the market, with each single event in terms of cargo supply, being enough to send rates on a falling pattern. Vale’s deployment of the first in many of the world’s largest carriers, the so called Very Large Ore Carriers (VLCOs), able to carry 400,000 tons, isn’t also helping the situation.
Earnings for panamaxes, which usually transport 60,000-70,000 tonne cargoes of coal or grains, have more than halved since the same period last year said Reuters in a story. Brokers said coal cargoes from Australia and Indonesia to China was providing some support, although gains were capped by slower grains activity out of South America. It went to mention that operators were watching for further signs that China's economy was slowing, given the dry freight market's dependence on Chinese imports, especially of coal and iron ore.
In its latest weekly report, shipbroker Fearnley’s said that the Capesize market “cold water is again coming out of the shower for owners as spot levels fall due to softening demand - average daily earnings down 10% w-o-w to come in at USD 10k. In Atlantic, fronthaul activity is cooling down, although rates not yet dramatically affected. The sudden lack of transatlantic trade is more felt, with a resultant drop of almost 30% to an estimated USD 10k/day.
Far East remains challenging and keeps hovering around OPEX levels – low USD 7k´s for rounds and uninspiring USD 7.50 pmt for the Dampier/Qingdao conference trade. As forward paper prices give no support at present, period activity has come to a halt after a handful of units were concluded for short and medium periods - exemplified by 174kdwt/blt 2006 done for 12 months at USD 11k and 169kdwt/blt 2009 done for 4-6 months at USD 10500, both basis prompt delivery in Far East” said the report.
In the Panamax market, “after a slow end to last week and even slower start to this week, the market improved on Tuesday in both hemispheres. The Atlantic saw several fresh cargoes fm USEC and ECSA, and in the Far East the upturn came due to fresh coal cargoes from Aussie and Indonesia to China. Now, at mid week, we are again at a crossroad with the players not sure where the market will be heading. We see some more interest in period deals now, and seems chrts feel the rates at ard USD 14k are interesting for twelve months. Atlantic rounds are getting fixed at ard USD 16k while front hauls are being fixed in the low/mid USD 20k´s. Pacific rounds are being fixed around 13.5/14k while the backhauls are getting fixed around USD 6k´s” said Fearnley’s.
As for the smaller ship types, the report mentioned that it’s been a fairly quiet market across the board with another flat week/stagnant rates in store. “Nevertheless, tonnage is thinning out in the Black Sea for the second half of June which might give some improvement on rates. Little activity on the Continent. USG remains stable on the back of regular petcoke exports. In the ECSA more cargoes are programmed for the second half of June thus look for better rates there in near future. The Pacific market is falling further with less activity. For Indo-India, Supras in North China are getting close to 10k. Nickel-ore rounds are getting firm rates in low-mid teens from Indonesia. WCI-China rates slided to 13k and from ECI around 12k. Red Sea, ferts on Handymax/Supras are fixed at very mid 20´s pmt on voyage basis to WC India. Large Supras for RBCT/India round now asking 14k. Period deals done at 14-15k for large Supras” concluded the report.
Source: Nikos Roussanoglou, Hellenic Shipping
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Monday, 23 May 11
BRMS IS TO START PRODUCTION FROM DAIRI PRIMA MINERALS
COALspot.com - The Presidential Decree No. 28 Year 2011 that allows conditional underground mining in the protected forest areas was issued on 19th ...
Sunday, 22 May 11
INDONESIA - INDIA IS LIKELY TO BE STEADY NEXT WEEK - VISTAAR SINGAPORE
COALspot.com - The freight market remained soft beginning of the week, however second half of the week was firm with BDI up by 3.29 pct and closed a ...
Saturday, 21 May 11
OWNERS PREFER TO DO INDO COAL OR NICKEL ORE TO CHINA RATHER THAN GOING TO INDIA - FEARNBULK
Handy
The Atlantic is marked by volatility and very positional, nevertheless USG,NCSA, Cont remain strong thanks to the petcoke, grains and scrap ...
Friday, 20 May 11
GOVT TOLD TO LIMIT COAL, GAS EXPORTS - THE JAKARTA POST
The Jakarta Post, a leading news paper in Indonesia, reported that, Amid soaring global oil prices, the government should limit exports of coal and ...
Thursday, 19 May 11
INDONESIAN COAL EXPORTS DROP 7.98 PERCENT IN APRIL
COALspot.com - Indonesian coal exports dropped to 2.168 million tons in April, and up 7.13 percent on the year and 7.98 percent below March, a ...
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- Agrawal Coal Company - India
- Posco Energy - South Korea
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Thai Mozambique Logistica
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Australian Coal Association
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Economic Council, Georgia
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Videocon Industries ltd - India
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